Record Consumer Complaints in 2020
The Federal Trade Commission (FTC) received more than 4.7 million consumer reports of illegal activity or unfair business practices in 2020, a 45% increase over the 3.2 million reports in 2019. It's unclear why there was such a large increase, but it may be related in part to social isolation and economic stress during the pandemic. In October 2020, the FTC launched a new website for consumers to report fraud and other consumer issues that enables more efficient sharing with law-enforcement authorities: ReportFraud.ftc.gov.
Also in this issue:
- Following the Inflation Debate
- Is a High-Deductible Health Plan Right for You?
- Net Price Calculators Help Gauge College Affordability